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CNBC
Apr 22, 2013 3:00pm EDT
environment, but a challenging revenue environment. not every balance sheet is going to execute equally in this environment. you've got some opportunities for -- >> what it means is the fed is going to stay the course on quantitative easing, basically. >> i think that is very clear. >> greg, tell us about this new study you're out with today. >> we found three in four americans say they are not more inclined to invest in the stock market now given the fact that interest rates are at record lows and the stock market's recently hit highs. that's the same as we found a year ago. now, a year ago, you know, in the past year interest rates have come down further. the market's gone up more. yet people are not swaying. >> what's their big fear? that they've missed it already? they're afraid it's too high? they're going to pick moment? is there too many risk? what's the big fear? >> some of each. quite frankly the memories of 2008 are very fresh. a lot of people, 2008 wasn't the first time they'd been burned. they got burned in the tech bust. burned in '08. they swore off equities. at this point th
CNBC
Apr 24, 2013 3:00pm EDT
that they test their programs before they get put into the live production environment. there's no requirement that they have kill switches in case their cheetah programs go feral. so there's a lot of things that we do need to do that are sort of basic rules of the road for technology. we shouldn't just accept technology blindly, that it's all good, that faster is better, that bigger is better. sometimes it's not. and we saw so yesterday. >> accept more rules if they come down the pike? i know it's an anathema to wall street to add more rules to the equation, but in this case -- >> i'm all for it. the technology has advanced faster than our market structure has moved forward. let me point out a few things, when we had the flash crash, nobody saw that coming, and then we realized human interaction played a big part of that and prevented a bigger problem than there was -- >> in 2010, you're talking about? >> yes. >> may 6th. >> go to the scenario, we had a situation that no one could have predicted happening and humans got involved there and were able to stop the volatility in the ma
CNBC
Apr 19, 2013 3:00pm EDT
what we think, we have to pursue that angle. you can't bet on what you think in an environment like this. you've got to understand that if there is a network, we can't pretend that there's not. so when you're looking at these two kids, to me, everything that they did suggests that they're amateurs. where they placed the weapon, the fact that they didn't o obscure themselves when they walked down the street, the primitive nature of the explosives. but we've been focused on these two spiders, most media is not talking about the search for the spider web. did they get training, did they get weapons, did they get travel? >> neither of these suspects are on a watch list or were on a watch list. the older brother goes to russia, comes back, starts posting videos online about islam, about terrorism. did we miss this? was there something where we should have actually been able to know? >> posting videos is a free speech issue, and if were still in the fbi, we would be very cautious about looking at something like that. because you're allowed to be a radical in this country. this country is
CNBC
Apr 18, 2013 3:00pm EDT
on the sidelines. we're seeing a difficult environment. now, people are a lot more positive about the u.s., so they're overweighting the u.s. the s. is still ary, very strong mark so many overweight that. and we're seeing a lot of regions like europe where investors are pretty much hands-off. so it depends, really, when you ask about how investors behave, where they come from, what region they're located in, and what region they invest in. european investors are, i would say, largely sitting on the sidelines. >> i'm going to come back to you in a moment. but let me ask you first about what's going on in the united states. a big debate about when the federal reserve is going to start winding down the stimulus. is there a downside risk to all of this free money, whether you look at what the fed has been doing with qe or what japan has been doing in terms of the stimulus there, the ecb as well. >> well, yes, it's very clear that central banks have been playing a very dominant role in the economy over the last couple of years. when i was at the imf meetings but still in davos, the tal
CNBC
Apr 16, 2013 3:00pm EDT
compliance. how do you see the regulatory environment playing out? and how are you going to improve margins in this scenario? >> actually, my margins improved by 140 basis points over the quarter. so we had a record margin for the first quarter. so over a 40% margin. i was asked specifically, can our margins even improve more, and i said, well, we have a lot of pressures on regulatory issues. we're reinvesting in our company by hiring more people. so i was just being cautionary. but to answer your question, our margins have had improved year after year. they're going to improve from 2012 into 2013. i believe our business model will allow margins to improve, despite, despite, we're spending at more money on lawyers, spending a lot more time working with our regulators. and i think this is just the cost of doing business moving forward. >> we'll leave it there. larry, always wonderful to have you on the program. thanks so much for your time. >> thanks, maria. >> larry fink, black rock. we have a market up 112 points. we are still waiting on answers coming out of boston in terms of sus
CNBC
Apr 17, 2013 3:00pm EDT
the global growth environment. we think we may have a little bit of a pause here, but we're going to see continued growth through the year. it will be rewarded by take risk in the stock market. >> why? >> because with growth keeping up and inflation being under control, monetary policy is going to stay very easy, and we see that as being something that's going to lead to equity returns being positive. >> you have to admit, we've had a very good first quarter, 10% gains for most of the averages, 15% at the most extreme. aren't we due for a correction of some kind? >> well, we could absolutely have a pause here and a small correction wouldn't be off the realm, but without a big downturn in data or a big change in monetary policy expectations, i think it will be relative tame. >> what have you thought of the earnings so far this season? >> they've been modestly disappointing. we got some news today about corporate business jet appetite that was a little bit disappointing. but then look at the fed beige book report today, where they saw their seeing slightly improved growth in march. tha
CNBC
Apr 23, 2013 3:00pm EDT
you're still easy. and that environment has a long tail to it, which should produce cash flow in the u.s. economy, 5% or better. >> so why isn't the public playing this market? why are they not in this market? >> the most recent memory in all of their heads, every single macro event risk they've all seen, whether it's the situation in europe or closer to home, the financial crisis, and that's going to last for quite a long period of time, especially since the household itself, the liability shelf, is still there and it's still in repair. >> and if anything that prolongs that rally, right? >> no question about it. that's the misguided notion out there, which is, you want to not all rush in there at once, but the reality is, no, that's where you get multiples go up to 18, 19 times and get the boom bust. the first move is cash to equities, not fixed income to equities. that second move is fixed income flows to equities, when the economy really gets above 3%. >> what are you going to buy here? >> well, we like almost everything in equities. our favorites would be the largest of the large
CNBC
Apr 23, 2013 4:00pm EDT
is certainly doing well in this environment. i'm, i guess, a little surprised that we haven't seen more deals, given the fact that rates are at such low levels. shouldn't we be seeing a whole host of deal flow and deal activity? >> we should, and we may. i guess, the opposite side of a coin of a buoyant stock market is higher evaluations and less attractive targets in the public arena. as a stock holder, and i was glad to see blackstone back off from a bid on dell. but, you know, these companies are kind of out of the mainstream. if you're a stock holder, you're actually a unit holder. you get a k-1 form, as if you were a limited partner in almost a hedge fund. the accounting is eccentric, because, well, because gap doesn't quite do these companies justice. so you have to look at this so-called economic net income. and there's this seeming paradox of private equity companies being in the private market. and if private equities are so great, why are they public? there's a lot of bad will, i think, towards these companies, but they offer that thing that is most scarce today in the ma
CNBC
Apr 22, 2013 4:00pm EDT
have to see as far as the competitive environment, do any of these other competitive services end up adding up to anything? i think so far the answer is clearly no. we're not seeing much from amazon prime or hulu or some of the other services to really grab share from netflix. >> yeah? all right. we will leave it there. thanks, everybody. appreciate your time tonight. see you soon. >> thank you. >> thanks. >> thank you so much. >>> shares of johnson & johnson meanwhile hitting an all-time high today. ceo alex gorsky is up next in an interview you'll only see here. the company's first quarter sales were $17.5 billion. we'll find out what he's got planned for the second quarter right after this break. stay with us. >>> >>> welcome back. johnson & johnson shares at an all-time high. 84.83 tl$84.83 a share. the company enjoyed a major boost after the potential type 2 diabetes drug was granted fda approval. let's check in on j & j. has the brand fully recovered from product recalls? ceo alex gorsky. >> great to see you almost a year later. >> a year later. when you first started, we talke
CNBC
Apr 16, 2013 4:00pm EDT
pc environment, because we know what's going on there. let's go inside intel numbers right now. joining me now is intel cfo, stacy smith, in a first on cnbc interview. mr. smith, good to have you on the program. how would you characterize the quarter? >> the demand environment played out as we expected, and i think the company executed well. as i just heard jon say, we saw fis growth in our data center business. it was up 7% year on year. and within the overall market for computing, we're seeing nice growth. and there's obviously a transition going on there, but i think we're well positioned for that as well. >> and shareholders certainly want to see change in terms of utilizing the balance sheet, which you've done quite well. we're going to get to that in a moment. but you said that the demand part of the story played out the way that you expected. in other words, you are expecting pc sales to go down? >> well, what we're seeing is a transition within the overall client category. and so if you think about it, what we're seeing is very robust growth in new form factors. things
CNBC
Apr 24, 2013 4:00pm EDT
environment? knowing that the federal reserve is going to continue providing stimulus, that's not changing, so, okay, the economy might not be great, but the fed's there and that's certainly been fueling things since october or so. >> maria, i think we're going to see some growth in our economy because of all the expectation we have that we're going to get stimulus, finally, over in europe. and that's -- austerity has finally come home to roost with the germans. now they look over and go, wow, the americans are party, we're not, i think you're going to find, that's going -- if anything will drive us this summer, it's going to be the europeans. if that money comes over as we plan on the margins with the last 20% of our profit is coming from europe, i think that's going to help our stocks, if anything does, over the summer. >> europe -- are you saying buy europe? >> i would disagree with that. >> yeah -- >> i just don't see how europe -- >> i like europe. i like europe for the same reason i liked the united states in 2009. at some point, they're going to start doing stimulus, but th
CNBC
Apr 18, 2013 4:00pm EDT
make money in this environment. how do you feel about that? it's a double-edged sword, right? >> yeah, michelle, it is. so we actually make more money when rates are higher, so we'd like to see rates higher, particularly, a positive-sloping yield curve. you know, the fed has a strong view in consensus that rates need to stay low. i'm not generally in that camp. i think the early stages of qe were probably good. i think it's very debatable now whether it's doing any good or not. i personally think the economy trying to find its own natural structural, level of stabilization, and it's going to do that at its own pace, with or without qe. a lot of people disagree with that. but i think it's about confidence, not about how much qe we have. >> mr. king, appreciate your time, sir. thanks for joining us today. >> thank you very much. have a good day. >> great to have you on. >>> all right, stunning and frightening. just two terms to describe video that captures the situation that we saw in texas. >> yeah, we're going to go live to the blast scene for the latest developments on this horrible
FOX Business
Apr 18, 2013 3:00pm EDT
precautions to make our environment as safe as we possibly can. liz: you know what, he put his money where his mouth was. they had the sniffing dogs. sure enough, they found something. we don't know what it is yet. officials say boarding of the royal caribbean ship will begin to take place any moment. shares of royal caribbean down just and a half% today. shifting gears, successful companies are often ones which adapt to changing environment. a really good example. we wanted to show this to you because they are making a big bet on memory storage devices. right now the stock is down. this despite the fact that the reported results after the bell yesterday, beating analysts' expectations. let's stretch it out. you can see a 1-year picture is quite pretty with the stock of more than 30 percent of the past year. in a fox business exclusive, an excellent quarter. the stock is down. i was strolling to figure out why. in essence there were great but not great enough. let's put that aside. i would like to hear from you. what was the real success? >> a great quarter. in fact, it was the best
CNBC
Apr 17, 2013 4:00pm EDT
are great for the long-term, but in this environment, where sentiment, we've got unusually bearish quickly. we've got more weakness in store. >> so you would wait. this isn't necessarily an entry point for you, yet? >> no, if i had cash on the sidelines, pretty much at the close of today, the average stock in the s&p 500 was off about 7% from its 52-week high. the average technology stock, 11% from its 52-week high, if we get another 3% to 5% down in stocks, then i think that cash on the sidelines should be absolutely put to work, because the next two or three years still bodes quite well for the stock market relative to most other asset classes. >> i may have to break in momentarily when those american express earnings come out. but first, jerry webben, let me ask you, the fear has been this week with news out of china, some of the economic data that we've gotten here, that maybe the global growth rate is slowing down. do you sense that at all? >> i think, yes, both in the u.s. and in china, we've seen some slowness in the emerging markets and europe remains extremely weak, but yo
CNBC
Apr 19, 2013 4:00pm EDT
environments, and all of a sudden, and they're not given appropriate psychological pair, can also have enormous problems assimilating in a very different culture. >> and in terms of these two individuals living in cambridge, massachusetts, having come from chechnya, any thoughts there, why cambridge? why they've been living here together for so many years? why they chose boston? >> well, i think on the east coast that there is a burgeoning, it's by no means as large as europe, of course, the largest population of chechen is in austria, but i think there is a growing group of people along the east coast, in d.c., and in new york, and in boston, and clearly, chechens are also russian speaking, so there is, obviously, a large contingent of russian-speaking people also in boston. and from how i understand it, it seems as though their uncle was already here in the united states, and i think that they had other friends who could help them to settle into the country, and to assimilate, so, often, you choose a place precisely because you have contacts there. >> yeah, and of course, no doubt, t
Search Results 0 to 14 of about 15